Category Archives: The Debt Trap

All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and
odious.

The fate of Ukraine is now shifting from the military battlefield back to the arena that counts most: that of international finance. Kiev is broke, having depleted its foreign reserves on waging war that has destroyed its industrial export and coal mining capacity in the Donbass (especially vis-à-vis Russia, which normally has bought 38 percent of Ukraine’s exports). Deeply in debt (with €3 billion falling due on December 20 to Russia), Ukraine faces insolvency if the IMF and Europe do not release new loans next month to pay for new imports as well as Russian and foreign bondholders.

Dollar Deception: How Banks Secretly Create Money by Ellen Brown (Web of Debt) July 3, 2007 It has been called “the most astounding piece of sleight of hand ever invented.” The creation of money has been privatized, usurped from Congress …Read more . . .

The Federal Reserve Act is Unconstitutional In order to fully understand the following documents there needs to be an explanation of the background behind the case. Please note that the assignment of the case to Judge Mahoney was through standard …Read more . . .

TOTAL DEBT CANCELLATION : “WE DON”T OWE THEM ANYTHING? Bikash Sangraula, IPS TerraVIVA, World Social Forum 2006, KARACHI, WEDNESDAY, MARCH 29, 2006 – Over a hundred countries in the developing world have taken to neo-liberal policies thanks to the …Read more . . .

AFRICA’S UNFAIR DEBT TRAP By Paliani Gomani Chinguwo (from Malawi) [Initially published in Economics Society Newsletter, a publication of the University of Malawi, and in Nation, a daily newspaper in Malawi, both in 2002] As far as African History is …Read more . . .

http://www.businessweek.com/1998/20/b3578003.htm Business Week, May 18, 1998 Japan’s Debt Trap OFFICIAL LEVELPUBLIC About 100% of GDP,DEBT or $4.5 trillion. That’s on a level with such highly leveraged Western countries as Belgium, Canada, and Italy.NONPERFORMING About $600 billion. TheBANK LOANS government …Read more . . .

FPIF Special ReportJune 2005 CAFTA?s Debt Trap By Aldo Caliari | June 2005 Criticism of the Central American Free Trade Agreement (CAFTA) currently being considered by the U.S. Congress has focused heavily on concerns that the treaty would …Read more . . .